Vanuatu has officially completed its crypto regulation and licensing framework, marking a crucial milestone in its digital asset oversight. Recently, the Vanuatu Parliament passed the Virtual Asset Service Provider (VASP) Act, granting the Vanuatu Financial Services Commission (VFSC) the authority to license and regulate the crypto industry, as reported by ...
In the first quarter of 2025, crypto hacks resulted in losses exceeding 1.6 billion, marking the worst quarter for security breaches in the crypto industry, as reported by Immunefi, indicating increasing vulnerabilities in the sector. The scale of losses in Q1 2025 was more than double that of the same ...
The U.S. Securities and Exchange Commission (SEC) has formally concluded its investigation into the cryptocurrency exchange Crypto.com without pursuing any enforcement action. The exchange revealed this news in a blog post on March 27th. Crypto.com had previously received a Wells notice from the SEC before initiating a lawsuit against the ...
Circle has released USDCKit, a new tool intended to simplify the integration of USDC payments for businesses. This announcement was made on March 27, 2025, on Circle's official blog. The development of USDCKit comes at a time when the demand for stablecoins is increasing despite market volatility. Stablecoins like USDC ...
Coinbase has been cleared in South Carolina after the state dropped its lawsuit against the cryptocurrency exchange. The lawsuit, initiated by the South Carolina Attorney General’s securities division, accused Coinbase of offering unregistered securities. South Carolina dismissed the case in a joint agreement with Coinbase. Similar Case Dropped by Vermont: ...
A new bill, named the Strategic Digital Assets Reserve Act, has been proposed in South Carolina. This bill aims to establish a state-run Bitcoin reserve with a maximum holding of 1 million BTC. The primary objective of this bill is to provide a hedge against inflation. According to the bill, ...
The European Union’s insurance regulator has proposed a sweeping measure requiring insurers to hold capital equivalent to the full value of their cryptocurrency assets. This initiative, aimed at protecting policyholders, was outlined in a Technical Advice report submitted by the European Insurance and Occupational Pensions Authority (EIOPA) to the European ...
A South Korean court has temporarily lifted the three-month partial business suspension on Upbit, allowing it to accept new clients while a legal battle is ongoing. After reaching a judgment, the court granted an injunction that suspended the suspension order for 30 days. On February 25, South Korea's Financial Intelligence ...
HashKey has launched a new initiative to rate cryptocurrencies and exchanges in Hong Kong in cooperation with the Hong Kong Virtual Asset Rating Company. This initiative is designed to aid local crypto businesses in meeting the Securities and Futures Commission’s regulatory requirements, highlighting the importance of compliance and transparency in ...
A report from Munhwa on March 27 revealed that the Government Public Ethics Committee in South Korea disclosed the personal assets of public officials. It found that 20% of public officials, or 411 out of 2,047, either directly hold or have invested in cryptocurrency. Among the officials with crypto holdings ...
